CREDIT AND DEBIT CARDS CHARGE COST THE SAME TO ACCEPT WITH ANY PAYMENT PROCESSING SOLUTION AND PROVIDER
Fact, many companies use a tier structure in which it costs much less for customers to use a PIN with a debit card rather than a credit card, particularly one that offers rewards.
Up until March 2015, many processors used a flat fee for debit card transactions rather than basis points on the transaction like it is for credit card processing.
Depending on the provider, a debit card transaction may now be a per item fee, a percentage plus pence fee or percentage only which is typical of credit card fees. Ensure that all fees are very well explained when signing up with a payment processor.
About Cornel Sampson
Helping UK Businesses MAKE MONEY and SAVE MONEY on rates they pay to the bank for taking payments by Debit/Credit Cards
Helping Retailers and service providers to take payments by debit/credit cards face to face or online – Saving up-to 40% in Fees & Charges
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